• Piloting and implementing Unified Reporting Code that harmonizes the mandatory business reporting of the companies. More details about reporting code at http://www.raportointikoodisto.fi/
• DevelopFully Integrated Payroll and HR reporting scheme, which harmonizes payroll and HR reporting of the companies
• Develop tools and practices that facilitate digitalized and automated accounting processes
• Develop e-trade functionalities and automated cash flow functions.
• Test Split Payment concept on VAT payments
• Facilitates incorporation of national and international e-invoicing standards (ISO20022)
• Continue promoting e-invoicing in Finland and Europe
• Generate high quality academic research in the field of real-time economy
• Contribute to the development of the Services in the Real-Time Economy Competence Centre in Aalto University

The starting point for the program objectives is the vision of integrated financial management for the future.

Related links:
Real-Time Accounting seed - Open discussion forum in the RTE Community related to real-time accounting
RTE at Aalto University School of Economics - Introduction to Fully Integrated Accounting project (in Finnish)
Publicity - News and articles published on RTE Program

Related links:
Real-Time Accounting seed - Open discussion forum in the RTE Community related to real-time accounting
RTE at Aalto University School of Economics - Introduction to Fully Integrated Accounting 1 and 2 projects (in Finnish)
Publicity - News and articles published on RTE Program

Real-Time Economy Competence Center, HSE

At the Aalto University Shcool of Economics, the Real-Time Economy competence center conducts research related to the implementation of information technology that aims at real-time business processes. In the first stage of our project, we focus on electronic invoicing. Recently, we have interviewed companies and organizations that have adopted electronic invoicing. These organizations have already obtained considerable savings from e-invoicing. In our project, based on the interview data, we examine, e.g., what are the critical success factors in the adoption process, what are the effects of electronic invoicing on buyer-seller relationships, and what are the realized savings from the adoption of electronic invoicing practices.

List of current research in the HSE RTE Competence Center can be found here.